(二) 募集资金存放情况 开源证券股份有限公司 关于上海铁大电信科技股份有限公司 部分募集资金投资项目结项的核查意见 开源证券股份有限公司(以下简称"开源证券"或"保荐机构")作为上海铁 大电信科技股份有限公司(以下简称"铁大科技"或"公司")向不特定合格投资 者公开发行股票并在北京证券交易所上市的保荐机构，根据《证券发行上市保 荐业务管理办法》《北京证券交易所股票上市规则》《北京证券交易所上市公司 持续监管办法(试行)》《北京证券交易所证券发行上市保荐业务管理细则》等 有关规定,对铁大科技部分募集资金投资项目结项的情况进行核查,具体情况 如下： 一、募集资金基本情况 2023 年 1 月 9 日公司收到中国证券监督管理委员会下发的《关于同意上海 铁大电信科技股份有限公司向不特定合格投资者公开发行股票注册的批复》 (证监许可【2023】24 号),同意公司向不特定合格投资者公开发行股票的注 册申请。公司本次发行价格为 3.38 元/股,初始发行股数为 3,000.00 万股(不 含 行 使 超 额 配 售 选 择 权 所 发 的 股 份 ), 实 际 募 集 资 金 总 额 为 人 民 币 101,400,0 ...

证券代码：920541 证券简称：铁大科技 公告编号：2026-003 上海铁大电信科技股份有限公司 关于部分募集资金投资项目结项的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 经上海铁大电信科技股份有限公司（以下简称"铁大科技"或"公司"）综合 考虑， 鉴于公司 2023 年向不特定合格投资者公开发行股票募集资金投资项目 "设备监测（监控）系统产品技术平台开发及扩产项目"（以下简称"募投项目"） 已达到预定可使用状态，公司结合实际生产经营情况，对该募投项目予以结项。 现将有关事项公告如下： 一、募集资金基本情况 2023 年 1 月 9 日公司收到中国证券监督管理委员会下发的《关于同意 上海铁大电信科技股份有限公司向不特定合格投资者公开发行股票注册的批 复》（证监许可【2023】24 号），同意公司向不特定合格投资者公开发行股票的 注册申请。 公司本次发行价格为 3.38 元/股，初始发行股数为 3,000.00 万股 （不含行使超额配售选择权所发的股份），实际募集资金总额为人民币 101,4 ...

Investment Rating - The investment rating for the company is "Hold" (maintained) [1] Core Views - The company reported a revenue of 339 million yuan for 2025, representing a year-on-year growth of 21.07%, and a net profit of 71.02 million yuan, which is a 24.62% increase year-on-year [3][8] - The company is expanding into the robotics sector to enhance its overall strength and has established a new branch in Lanzhou to support long-term stable development [8] - The company is focusing on independent technological innovation and aims to replace core equipment in the rail transit sector with domestic products, having achieved significant safety certifications for its key projects [8] Financial Forecast - Revenue projections for the company are as follows: 2023A: 249 million yuan, 2024A: 280 million yuan, 2025E: 339 million yuan, 2026E: 411 million yuan, 2027E: 451 million yuan, with growth rates of 7.01%, 12.40%, 21.07%, 21.32%, and 9.70% respectively [5][10] - Net profit forecasts are: 2023A: 39 million yuan, 2024A: 57 million yuan, 2025E: 71 million yuan, 2026E: 88 million yuan, 2027E: 98 million yuan, with growth rates of 16.61%, 46.50%, 24.62%, 24.26%, and 10.81% respectively [5][10] - The company’s return on equity (ROE) is projected to be 9.95% in 2023, increasing to 15.18% by 2025, and reaching 16.26% in 2026 [5][10] Market Performance - The company's stock price has shown a relative performance of 8.63% over the past month, 2.83% over the past three months, and a decline of 5.97% over the past twelve months compared to the benchmark [2][8] - The current stock price is 13.96 yuan, with a price-to-earnings (P/E) ratio projected to decrease from 49.06 in 2023 to 19.51 by 2027 [5][10]

Financial Performance - The company's operating revenue for the reporting period is expected to be ¥338,933,146.35, an increase of 21.07% compared to the same period last year [3]. - The net profit attributable to shareholders is expected to be ¥71,021,014.52, reflecting a growth of 24.62% year-on-year [4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be ¥67,864,448.73, up 30.86% from the previous year [4]. - Basic earnings per share are projected to be ¥0.5195, an increase of 24.61% compared to the same period last year [4]. Assets and Equity - Total assets at the end of the reporting period are expected to be ¥722,071,135.01, an increase of 11.73% from the beginning of the period [4]. - Shareholders' equity attributable to the company is expected to be ¥467,942,917.32, up 12.10% from the beginning of the period [4]. - The increase in total assets and equity is attributed to the expansion of procurement and sales scale, as well as profit growth [5]. Return on Investment - The company's weighted average return on net assets (before deducting non-recurring items) is expected to be 15.28% [4]. Business Expansion - The company has experienced good business expansion, with an increase in performance contracts contributing to revenue growth [5]. Caution for Investors - Investors are advised to exercise caution as the financial data is preliminary and unaudited, with final figures to be disclosed in the annual report [6].

Market Performance - The stock price of Tieda Technology (920541.BJ) has shown minor fluctuations over the past week, with a total increase of 0.22% and a price range of 13.40 to 13.78 yuan [1] Funding Situation - The funding environment is characterized by active financing but with signs of differentiation. The financing balance has been fluctuating at a high level, reaching 26.63 million yuan (1.96% of market capitalization) on February 6, with a financing buy of 1.40 million yuan. However, on February 9, the financing buy decreased to 740,700 yuan, and there was a net financing sell of 424,200 yuan, reducing the balance to 26.21 million yuan, indicating some leveraged funds are taking profits [2] - Trading activity has shown a decline, with a transaction amount of 11.27 million yuan (0.92% turnover rate) on February 6, which shrank to 7.34 million yuan (0.60% turnover rate) by February 12, reflecting a decrease in market participation [2] Sector Performance - There has been limited correlation among sectors; while the Beijing Stock Exchange concept index rose by 2.39%, Tieda Technology underperformed the sector due to a lack of short-term catalysts [3]

Market Overview - The rail transit equipment sector experienced a decline of 0.62% on January 16, with Bidu Technology leading the drop [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] Stock Performance - Notable gainers in the rail transit equipment sector included: - Gongda Gaoke (688367) with a closing price of 32.95, up 4.90% on a trading volume of 45,000 shares and a turnover of 146 million yuan [1] - Jiaoda Sino (300851) closed at 29.63, up 4.40% with a trading volume of 57,400 shares and a turnover of 174 million yuan [1] - Xianghe Industry (603500) closed at 12.96, up 3.43% with a trading volume of 87,000 shares and a turnover of 111 million yuan [1] Fund Flow Analysis - The rail transit equipment sector saw a net outflow of 79.08 million yuan from institutional investors, while retail investors experienced a net outflow of 75.46 million yuan [2] - Conversely, speculative funds recorded a net inflow of 155 million yuan [2] Individual Stock Fund Flow - China Railway Industry (600528) had a net inflow of 37.40 million yuan from institutional investors, but a net outflow of 34.22 million yuan from retail investors [3] - China Communication Signal (688009) saw a net inflow of 3.34 million yuan from institutional investors, while retail investors had a net outflow of 55.10 million yuan [3] - Xianghe Industry (603500) experienced a net inflow of 16.07 million yuan from institutional investors, with retail investors seeing a net outflow of 4.64 million yuan [3]

证券代码：920541 证券简称：铁大科技 公告编号：2026-001 上海铁大电信科技股份有限公司 二、工商登记情况 1、公司名称：上海铁大电信科技股份有限公司西部分公司 2、统一社会信用代码：91620105MAK4RT5PX0 3、类型：股份有限公司分公司（上市、自然人投资或控股） 4、经营场所：甘肃省兰州市安宁区西路街道枣林路 139 号（兰州交大科技 园孵化楼 2 层 210 室） 5、负责人：刘超 关于西部分公司完成工商注册登记并取得营业执照的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担 个别及连带法律责任。 一、基本情况 上海铁大电信科技股份有限公司（以下简称"公司"）于 2025 年 12 月 30 日 召开第四届董事会第二十次会议，审议通过了《关于拟设立西部分公司的议案》。 具体内容详见公司于 2025 年 12 月 30 日在北京证券交易所信息披露平台 （www.bse.cn）披露的《关于拟设立分公司的公告》（公告编号：2025-111）。 近日，公司已完成上海铁大电信科技股份有限公司西部分公司的 ...

证券代码：920541 证券简称：铁大科技 公告编号：2025-111 上海铁大电信科技股份有限公司 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担 个别及连带法律责任。 上海铁大电信科技股份有限公司（以下简称"公司"）于 2025 年 12 月 30 日 召开第四届董事会第二十次会议，审议通过了《关于拟设立西部分公司的议案》。 根据公司发展战略及业务发展需要，依照《中华人民共和国公司法》《公司章 程》等相关规定，公司拟设立西部分公司。本次设立分公司事项不构成关联交 易，也不构成重大资产重组，无需提交公司股东会审议。现将有关事项公告如 下： 一、拟设立分公司的基本情况 二、设立分公司的目的、对公司的影响及潜在的风险 关于拟设立分公司的公告 《上海铁大电信科技股份有限公司第四届董事会第二十次会议决议》 1. 分公司名称：上海铁大电信科技股份有限公司西部分公司，具体以当地市 场监督管理部门登记为准 2. 分公司性质：股份有限公司分公司 3. 分公司负责人：以当地市场监督管理部门登记为准 4. 营业场所：以当地市场监督管理部门登记 ...

证券代码：920541 证券简称：铁大科技 公告编号：2025-110 4.发出董事会会议通知的时间和方式：2025 年 12 月 26 日以邮件的方式发出 上海铁大电信科技股份有限公司 第四届董事会第二十次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 12 月 30 日 2.会议召开地点：蓝宝石大厦 9 楼公司会议室 3.会议召开方式：现场会议 5.会议主持人：成远女士 6.会议列席人员：公司高级管理人员 7.召开情况合法合规的说明： 本次会议的召集和召开符合《中华人民共和国公司法》和《上海铁大电信科 技股份有限公司章程》的规定，会议合法有效。 （二）会议出席情况 会议应出席董事 7 人，出席和授权出席董事 7 人。 二、议案审议情况 （一）审议通过《关于拟设立西部分公司的议案》 1.议案内容： 具体内容详见公司在北京证券交易所指定信息披露平台（www.bse.cn）上披 露的《关于拟设立分公司的公告》（公告编 ...

Core Insights - The railway signaling system is a crucial component of rail transport, ensuring safe and efficient operations, with significant government support and investment in China [1][10] - The market size of China's railway signaling system industry is projected to grow from 10.71 billion yuan in 2017 to 24.81 billion yuan in 2024, with a compound annual growth rate (CAGR) of 12.75% [1][11] - The industry is evolving towards greater safety, efficiency, and intelligence, driven by advancements in communication and information technology [1][10] Industry Overview - The railway signaling system is essential for automated train control and real-time monitoring, comprising various devices such as interlocking systems, block systems, and train control systems [1][9] - The system's core functions include ensuring safety, improving transport efficiency, and enhancing working conditions [1][9] Industry Development Background - China's economic growth has provided a solid financial foundation for railway construction, with fixed asset investment in railways reaching 850.6 billion yuan in 2024, a year-on-year increase of 11.26% [8] - The demand for intercity and suburban railway construction continues to grow, creating vast market opportunities for the railway signaling system industry [8] Industry Chain - The upstream of the railway signaling system industry includes raw materials and components such as steel, aluminum, plastics, and electronic components [8] - The midstream involves system integration and equipment manufacturing, while the downstream includes railway construction units and transportation enterprises [8] Market Dynamics - The industry is characterized by a competitive landscape with domestic companies like China Railway Signal Co., Ltd. leading the market, while international firms like Siemens and Alstom maintain competitiveness in high-standard projects [11][12] - The market is driven by technological advancements, ecological cooperation, and accelerated domestic substitution [11] Future Trends - The future of the railway signaling system will focus on intelligence, integrating artificial intelligence, big data, and the Internet of Things for dynamic analysis and optimization [14] - Standardization efforts will aim to create a unified technical standard for railway signaling systems, facilitating interoperability and reducing lifecycle costs [15] - Safety and reliability will evolve towards resilient systems with proactive fault tolerance and real-time simulation capabilities [15]